Daily Archives: October 8, 2014

sgx 09 oct  14

Financial Sgx Singapore Stock Market Trading Picks And News – 09 October 2014


  • Singapore shares were down 17.28 points on Wednesday with the benchmark Straits Times Index finishing at 3,226.71.Volume was 1.16 billion shares worth S$893.8 million. Losers outnumbered gainers 278 to 132.
  • OSIM International, queried by the Singapore Exchange (SGX) on the second consecutive day of a fall in its share prices, said on Wednesday that it was unaware of any reasons that could have caused the unusual trading activity in its shares. The shares for the luxury massage chair maker tumbled 4 per cent on Tuesday and another 4 per cent on Wednesday morning. At 4:15pm on Wednesday, OSIM was trading around S$2.32, down 11 cents or 4.5 per cent. More than six million shares changed hands.
  • EZRA’S associated firm, EMAS Offshore, kicked off its secondary listing on the Singapore Exchange’s main board on a dismal note, trading some 14 per cent below its initial public offer price. At 3:35pm on Wednesday, the company previously known as EOC Ltd, had bid/ask at S$1.035/S$1.04 a share. Only 678,000 shares changed hands. The wider market is also weak, as stock markets in the region are hit by worries about waning global growth after the International Monetary Fund cut its global economic growth forecasts for a third time this year.
  • CHINA-based Nanshan Group has topped the bids for a site off Sin Ming Avenue released by the Urban Redevelopment Authority (URA), beating a field of 17 other bidders. Nanshan’s bid of S$173.57 million for the 10,502.8 sq m site in Lorong Puntong was some 7.2 per cent higher than the second-highest bid from SL Capital Ventures Pte Ltd. The 99-year leasehold site has a maximum permissible gross floor area of 22,056 sq m.
  • It is time for public accounting firms in Singapore to rethink their hiring practices and take on employees from backgrounds other than accounting, said Singapore Accountancy Commission (SAC) chairman Michael Lim on Wednesday. Mr. Lim was the keynote speaker at the CPA Congress 2014, organised by professional accountancy body CPA Australia and attended by over 300 accounting professionals. The SAC is the statutory body tasked with transforming Singapore’s accountancy sector.
  • THE Small and Middle Capitalization Companies Association (SMCCA), a grouping of small and mid- capitalization companies listed on the Singapore Exchange (SGX), announced its official launch on Wednesday.


  • BUY JARDINE STRATEGIC HOLDING ABOVE 34.150 TG 34.350, 34.650, 35.050 SL 33.850

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Comex Commodity Trading Signals and Market News – 08 October 2014


Gold prices rose slightly in Asia on Wednesday in a rebound from overnight and expected demand as holidays ramp up demand and China markets re-opening after a week-long holiday. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,210.20, up 0.03%. Overnight, gold futures swung between small gains and losses. Market players also looked ahead to the release of minutes from the Fed’s September meeting on Wednesday, after upbeat U.S. employment data last week underlined optimism over the strength of the economy and fueled expectations that the central bank will begin to raise rates sooner and faster than previously thought. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise.

• U.S. natural gas futures traded near a two-week low during U.S. morning trade on Tuesday, as investors monitored near-term weather forecasts to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, natural gas for delivery in November fell to a session low of $3.869 per million British thermal units, a level not seen since September 24.Prices recovered to last trade at $3.911 during U.S. morning hours, up 1.3 cents, or 0.32%.A day earlier, natural gas prices plunged 14.1 cents, or 3.49%, to settle at $3.898.

Crude oil futures extended losses during U.S. morning hours on Tuesday, after the International Monetary Fund cut its forecast for global economic growth this year. On the ICE Futures Exchange in London, Brent oil for November delivery shed 49 cents, or 0.53%, to trade at $92.30 a barrel. London-traded Brent futures fell to $91.25 on Monday, the lowest since June 2012, amid speculation rising global supplies will be more than enough to meet slowing demand. The IMF downgraded its global growth forecast for both this year and next, due to stagnation in Europe and a weaker-than-forecast recovery in Japan. The agency now sees 2014 global growth of 3.3% and 2015 growth of 3.8%, a decline of 0.1% for 2014 and 0.2% for 2015 from forecasts made in July. Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in November traded at $90.20 a barrel, down 14 cents, or 0.15%. Market players awaited the release of fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer.


  • BUY GOLD ABOVE 1215 TGT 1219,1223 SL 1210
  • SELL GOLD BELOW 1210 TGT 1206,1201 SL 1215

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Forex Signals

IForex Market Trading Signals and News – 08 October 2014


  • Forex-Dollar regains ground after Monday’s slide.
  • Forex-Euro lower after weak German industrial data .
  • Forex- GBP/USD holds steady after U.K. data.

EUR/USD hit session lows of 1.2605 and was last down 0.22% to 1.2625.The euro hit session lows after data showed that industrial output in Germany dropped by 4.0% in August. It was the largest decline since early 2009 and was much worse than forecasts for a fall of 1.5%The euro was broadly lower against the other major currencies on Tuesday as weak German industrial production data added to fears over the outlook for the euro zone economy. The report came one day after data showed that German factory orders fell 5.7% in August, fuelling fears that the euro area’s largest economy is falling into a recession.

USD/JPY was down 0.07% to 108.71, off session lows of 108.39.The yen found support earlier Tuesday after Japanese Prime Minister Shinzo Abe voiced concerns over the impact of a weaker yen on the economy. The Bank of Japan left monetary policy unchanged at the conclusion of its two day policy meeting earlier, but acknowledged that declining domestic demand as a result of a sales tax increase in April is leading to economic weakness.The Bank of Japan left monetary policy unchanged at the conclusion of its two day policy meeting earlier Tuesday, but acknowledged that declining domestic demand as a result of a sales tax increase in April is leading to weakness in production.


1. Buy EUR/USD Above 1.2615-TG:1.2635/1.2665 SL 1.2585
2. Sell EUR/USD Below 1.2582-TG:1.2562/1.2532 SL 1.2615

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